This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

558 Madison Ave

3,408 SF 100% Leased Retail Building Albany, NY 12208 $800,000 ($235/SF)

Executive Summary

**CAN BE SOLD AS A PACKAGE WITH 552 MADISON AVENUE** Extremely rare opportunity to acquire and develop one of the most coveted buildings in Albany, the long-desired mixed-use building on the corner of Madison and New Scotland Avenue, just blocks from Albany Medical Center. The building contains an extremely spacious commercial space spanning the entirety of the first floor and three 1BD units up above, floor plans included in docs. While renovation is needed, this is a unique and rare opportunity for a discerning buyer to revitalize the building and enhance the community. Ideal for both owner-occupiers and investors, but serious inquiries only.

Property Facts

Sale Type
Investment
Sale Conditions
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,408 SF
Year Built
1901
Price
$800,000
Price Per SF
$235
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.56
Land Acres
0.05 AC
Opportunity Zone
Yes
Zoning
C1
Frontage
20 FT on Madison Ave

Amenities

  • Bus Line
Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of America
The YMCA
Buffalo Wild Wings
Starbucks
KeyBank
BBQ Chicken
Price Chopper
Equinox
Trustco Bank
Retro Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
010100-076-023-0001-001-000-0000
Land Assessment
$23,300
Improvements Assessment
$126,700
Total Assessment
$150,000
  • Listing ID: 32959686

  • Date on Market: 8/26/2024

  • Last Updated:

  • Address: 558 Madison Ave, Albany, NY 12208

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}